Interest Rate Cuts 2024 South Africa. Many experts expect this to happen in the second half of this year and for south africa to see its first interest rate cut in july 2024. The market vet brushed off the market's bets on ambitious rate cuts as the us economy is too strong.
South africa’s reserve bank will leave its repo rate on hold this week but cut rates by 25 basis points to 8.00% in september as inflation cools, a reuters poll found on monday, earlier than a. The monetary policy review reflects on the past six months and suggests a cautious approach to interest rate cuts until inflation reaches and sustains the target of 4.5%.